Diploma thesis is focused on analysis of selected audit procedures. Theoretical definition of conditions for statutory audit and necessary requirements according to standards on auditing are featured in the thesis. It analyses audit risks and the concept of materiality during audit. Descriptions of audit procedures are focused on cash and cash equivalents, property, payroll expenses, equity, accounts receivable, accounts payable and physical inventory inspection.

This main content of this thesis is focused on analyzing the fullfilment of the obligation to publish information by selected companies in the Czech Republic (specifically financial statements). The theoretical part describes the legislative framework and discusses the merits of statutory disclosure obligations. The practical part consists of two main parts: analysis of the source data obtained from public register and the evaluation of the questionnaire survey carried out on a representative sample of businesses of two groups; those who fullfil regular information duty and those who haven´t submited those documents to the Registry Court yet or didn´t submit them in the right time. The analyzed current situation, possible solutions and areas for improvement are described in conclusion.

M.Com. (Accounting) / This study examines the disclosure of taxation in company financial statements. The following aspects were discussed: (a) The taxation expense in the income statement comprises of a current tax charge and deferred tax provision. (b) The extent of the recognition of the tax effects of timing differences in company financial statements. (c) The alternative measurement methods which can be applied to either partial or full allocation. (d) The effect of tax allocation on company financial statements 1n the United Kingdom, Canada and the United States of America. (e) Discounting of the deferred tax credit. (f) The development of generally accepted accounting practice ln South Africa relating to tax allocation. The discussion indicates that the South African statement with regard to the disclosure of taxation, promotes the usefulness of published financial information even though it is not free of criticism. A number of recommendations are made by which the problems currently being encountered with the South African statement on the disclosure of taxation in company financial statements, can be addressed.

M.Com. (International Accounting) / This study is conducted as a result of the increased focus on integrated reports (IRs), more specifically focusing on the current integrated reporting practices within the mining industry of South Africa. There has been a rapid increase in accountability pressures on companies due to financial crises across the globe, accounting and remuneration scandals, and suspicion about the social and environmental implications of businesses (Kolk, n.d.:2). Accountability is specifically discussed by the Integrated Reporting Committee of South Africa (SA IRC) as follows: Now, in the context of the global financial crisis and amidst increasing evidence that the current economic model is socially and environmentally unsustainable and that current reporting practice is not delivering, it is time for new and more effective forms of accountability (SA IRC, 2011:1). This form of accountability also flowed over into the mining industry in which the current reporting practice is not having a significant impact on the perception of the mining industry. The South African mining industry is also currently in crisis, and the market fears further disruption of mining output due to the uncooperative trade unions (Kantor, 2013). Current reporting practice is not highlighting these issues or the long-term impact thereof on the mining industry and individual companies. The two major obstacles that any mining company has to overcome are, firstly that the board of directors needs to report to a wide range of stakeholders with different needs and expectations, and secondly the directors have to report on the sustainability of the industry while managing the mining company’s risk and generating a return on shareholders’ and investors’ investments. Union leaders, investors, and shareholders do not currently share the opinion that the mining industry is in crisis as there are clear mismatches between what the union leaders demand, what the shareholders and government can offer, and what the industry can afford (Kantor, 2013). The mining companies’ extraction of scarce resources is not sustainable and this can have a direct and indirect impact on various stakeholders.

The importance of vision and mission statements is well documented. An increasing number of authors argue that strategies in an organisation have a major impact on its performance relative to its peers (Hill & Jones, 2001:4; Thompson & Strickland, 1996:2). Raric and Vitton found that organisations with a formalised mission statement have double the average return on shareholders’ equity than those organisations without formalised mission statements. However, the extent of manager and employee involvement in developing vision and mission statements can make a difference in business success (David, 2001:57). Most organisations develop both a mission and a vision statement. There is a subtle difference between the two that should not be confused, this will be qualified in this study. The purpose of such statements is, among others, to give the customer and other stakeholders an overview of the identity of the organisation in terms of who they are, what they do and where they are headed (Thompson & Strickland, 1996:22). It implies a formal commitment by the organisation to its stakeholders, sending out the message that its strategies will be formulated with the claims of its stakeholders in mind (Hill & Jones, 2001:45). It is often found that these expectations are not realised. The customer is frequently left with the perception that employees are unaware of the key values and the overall direction the organisation is taking. This study will focus on Flight Centre Limited (South Africa) to determine the extent of commitment of employees to the strategic vision of the organisation. / Mr. T.F.J. Oosthuizen

The concept of control and its conceptions are an inportant factor in preparing the consolidated financial statements. The existence of the control directly determines a consolidation unit and also form of the consolidated financial statements. The concept of control states a controlling entity, that is required to prepare consolidated financial statements. The evolution of the concept of control shows to differences in capture of some entities in consolidated financial statements due to the classification as a controlled entity. Non-inclusion of controlled entities in the consolidated unit have a direct impact on the explanatory role of the consolidated financial statements. In case of unrecording some entities are talking about off-balance financing, which often are referred to special purpose entities. The thesis compares and analyzes the impact of various control concepts conceived in IAS / IFRS.

In my work I focus on accounting firms engaged in road transport. The aim of my work is to capture and describe the accountin practices in this area of business. the first section describes the general legal and economic conditions for the company to do business in this area. The main part is devoted to the actual accounting practices mainly illustrated by concrete examples of specific companies, as well as procedures for the proper preparation of the financial statements. At the end of the financial analysis attached statements.

In this thesis I describe the process of financial analysis and consequently I perform a comparison of two competitors whose reports are based on different accounting standards. Financial analysis is performed on data from consolidated financial statements and the analysis deals with possible gaps in reporting arising from the fact that Nike, Inc. uses U. S. GAAP, while adidas AG applies to IFRS. I conclude that in this particular case there is not significant divergence between data reported and analysis can be undertaken without material errors. Comparison itself shows that both companies are generally in a good financial condition, but with adidas falling behind quite considerably in a few indicators. As such I can mention assets turnover, operating margin, working capital and others.

This thesis deals with analysis and evaluation financial statements from the view of company manager and tax authority. The thesis will be applied to particuliar financial statements of a selected company. The main aim of the thesis is to demonstrate insight and utilisation of these financial statements in the work of the manager and tax authority. Theoretic part of the thesis consists of legal regulation of particuliar finacnial statements, methodology on its analysis and information that may be gained from financial statements. In the practical part of the thesis analysis and evaluation have been elaborated on particuliar financial statements. This analysis and evaluation clearly show utilisation of information during the work of manager and tax authority.

The goal of this diploma thesis is presentation and application of different types of methods of financial analysis. In the theoretical part there are described principles of financial statements according to International Financial Accounting Standards on which is the financial analysis based on. Also there are described applied methods, their indicators and patterns. In the practical part of diploma thesis there are used some of the described methods of financial analysis to the international company Continental Corporation Inc. Financial analysis is used to assessment of financial situation of the company and its development in years 2009 to 2013.